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AnyMind Group Raises an Additional US$8 Million in Funding, with Total Investment Close to US$40 million

AnyMind Group

AnyMind Group, an AI solutions provider for advertising, marketing and human resource companies, recently announced a new infusion of US$8 million, bringing total investment in the company to stand at US$35.9 million.

At the close of a Series B financing round, the company announced it had received US$8 million-worth of investment from companies that included VGI Global Media Plc, Thailand’s leading offline-to-online solutions provider, and Tokyo Century Corporation, a Japanese financial services company. This puts its total Series B financing at US$21.4 million.

“With our vision to empower the growth of professionals, businesses and industries through technology and newly onboarded investors, we’re now in a strong position to propel forward in the advertising, influencer marketing and human resource industries in Asia,” said Kosuke Sogo, CEO and co-founder of AnyMind Group.

Meanwhile, Yoshito Kitagawa, president of the Tokyo Century Corporation’s business development unit, said he was “excited.”

“We will provide AnyMind Group with a vast knowledge network and mutually beneficial support," Kitagawa said.

In addition to VGI’s investment, the Thai company is also planning a joint venture with the group that will be named VGI AnyMind Technology Co., Ltd.

The new venture will integrate the group’s digital-out-of-home advertising technology with VGI-owned advertising spaces in Thailand that can reach almost 40 million people.

These digital advertising spaces include signage on train platforms and other transportation infrastructure.

The group’s subsidiary, AdAsia Holdings,held a pilot digital-out-of-home advertising project with East Japan Railway Company in December last year that involved creating ads on digital billboards in train stations and measuring their effectiveness through viewing ratings and reactions.

“Our objective here is to build a DOOH (digital-out-of-home) advertising marketplace across Asia, with a greater aim to bring a future where advertising across all mediums is connected - ultimately providing the most relevant and personalized advertising to everyone, on any platform,” said Sogo.

Aside from being used to finance the new joint venture, the new funds raised will also be used for future strategic acquisitions.

Feliciana Hsu
English journalist and PR for Global Affairs

Feliciana gained her MSc of Media Power and Public Affairs from Royal Holloway, University of London.

After graduating from London, she started her career of being journalist at Business Next Media and Meet Startup @TW Website, and specializes in interviewing about innovation and technology.

Within her career, she has interviewed various experts in their field, including Mr.Jimmy Wales, founder of Wikipedia; Fleur Pellerin, former French Minister of Small and Medium-sized Enterprises and Sir Christopher Pissarides, Nobel Prize Laureate in Economic in 2010.